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Banks are pushing for significant loosening of the Volcker Rule

Published 02/28/2018, 11:35 AM
© Reuters.  Banks are pushing for significant loosening of the Volcker Rule
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  • Regulators are examining potential changes that can be made to the legislation which bans proprietary trading using the bank’s own capital.
  • Banks under $10B in assets are likely to get relief as part of a new bill being considered in Congress.
  • Larger banks also want reprieve as they would like to shift the monitoring of violations of the Volcker Rule to regulators.
  • Currently trades held for less than 60 days need an explanation convincing regulators the trades are client activity.
  • Related Tickers: JPM, BAC, C, WFC, GS, MS, XLF, FAS, FAZ, KRE, VFH, KBE, UYG, FNCL, IYF, BTO, IAT, KIE, IYG
  • Now read: Goldman Sachs: 'Buy-In' Time Approaches


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